Free content from Automated Financial Systems, Inc. -- AFS
Total commercial loan balances decreased in May, reversing the positive momentum gained in April. Unlike last month, when an upswing in C&I bilateral lending helped offset runoff in PPP balances, total loan growth in May was relatively subdued outside of a small increase in CRE balances. Fears of rising inflation and its impact on the economic recovery may have rendered some commercial borrowers more cautious to take on additional debt. Pricing results were mixed this month, although the weighted average interest rate for new/renewed loans with an over 10-year duration was up versus the previous May.
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